However, Kimberley said "we as farmers, we would just sell for the market. We don't like to receive the government subsidies because we'd rather sell to the market and do it that way."

As the market continues to be slow going into this year, American farmers, soybean producers in particular, will have to try to control their operating costs and day-to-day living expenses, he said.

"So a lot of those things, we just try to control our costs the best we can. Every household has its budget. They'll probably try to see where they can cut some corners there. Basically, that's what we're down to now," he added.

Farmers are always prepared to withstand some down pressure as a result of bad weather, but not such "kind of artificially made by government policies," Kimberley said, adding he could hardly imagine how U.S. agriculture would suffer if the tariff tensions linger for another year or two.

"If you have a long enough period where you're not successful or you're not being profitable, well, then you have to make a decision," he said.

"Agriculture in the United States has evolved over time. We are going to have fewer farmers in the future. And so this might be another time," he said. "In the 1980s, we had a real change in landscape as far as many farmers went out of business because of difficult times. Many of them went on and got retrained and got jobs in the city. And some were just older and decided to retire."

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